RE:RE:RE:RE:RE:RE:??16 bucks, even better!!!! more money lost!
So you mentioned teh company had high hopes and a great profitable model and here is what they announce right after your comments
14% of staff are gone
Q3 is the earliest you will see any material impact to their numbers
hang tight for the next 6 months while the SP bleeds
Basically, i was right about their model not being profitable. I was right that they would make some drastic changes to improve cost, hence their "Cost Optimization" plan and ive been right about the SP tanking, which it has as well.
Anyone who is new to this forum should do their DD and look at their numbers. If they were going to be profitable next quarter based on their technology, they wouldnt have laid off their staff. They are bleeding. Next up will be the natural plan of issuing more shares to survive as we go into a solid recession.
Keep telling everyone i am wrong when the market keeps proving me right..
| | | June 16 (Reuters) - BBTV Holdings Inc: * BBTV PROVIDES UPDATE FOLLOWING COST OPTIMIZATION REVIEW * BBTV HOLDINGS INC - COMPANY'S COST OPTIMIZATION PLAN HAS RESULTED IN A WORKFORCE REDUCTION * BBTV HOLDINGS INC - COST OPTIMIZATIONS REFLECT A REDUCTION OF TOTAL HEADCOUNT BY APPROXIMATELY 14% * BBTV HOLDINGS INC - SHAREHOLDERS CAN EXPECT TO SEE POSITIVE IMPACT OF THESE INITIATIVES ON PERFORMANCE STARTING FROM Q3 2022 ONWARDS * BBTV HOLDINGS INC - COST OPTIMIZATION PLAN HAS ALSO RESULTED IN MORE FOCUSED RESOURCE ALLOCATION TOWARDS ITS KEY HIGH MARGIN REVENUE DRIVERS Source text for Eikon: Further company coverage: | |
Megalodon76 wrote:
And here's Kia with the minute by minute stock price report. I can tell you're desperate to find stuff to bash about the company when all you have left is the stock price from IPO to now but you should get it right: The IPO was $16 not $14.